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Subject:  Re: Need All Experts - Part II Date:  5/28/2013  6:00 PM
Author:  vkg Number:  118629 of 128039

3. The house has now sold for less than the appraised and currently assessed value (cash sale), and it will close around the middle of June. As a note, the assessed value increased for 2013 due to the new roof.

The assessed value is irrelavent to your taxes. You need to determine your cost basis. Others who are much wiser will need to comment on which expenses added to your cost basis.
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